Economic Bakhtar News Agency is the official state news agency of the Afghan government, based in Kabul. The agency is a major source of news for all media in Afghanistan, gathering domestic and international news and providing information to outlets. http://www.bakhtarnews.com.af Mon, 21 Aug 2017 17:45:15 +0000 Joomla! 1.5 - Open Source Content Management en-gb The Exchange Rate of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/29753-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/29753-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html The Exchange Rate of Afghan Currency Against Foreign Currencies

Monday, August 21, 2017
Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                                                   
One Dollar                                            68/90 afs                           
One Pound Sterling                              88 afs                           
One Euro                                              80/60 afs                           
One Emirate’s Dirham                         18/70 afs                           
One Thousand Pakistani Rupees          643 afs                           
One Thousand Indian Rupees               1070 afs                                         
One Thousand Iranian Rupees              18 afs                           
Yarzada

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Economic Mon, 21 Aug 2017 07:37:54 +0000
The Exchange Rate of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/29735-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/29735-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html The Exchange Rate of Afghan Currency Against Foreign Currencies

Sunday, August 20, 2017’

Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                                                   
One Dollar                                            687/90 afs                           
One Pound Sterling                              88 afs
One Euro                                              80/60 afs
One Emirate’s Dirham                         18/70 afs
One Thousand Pakistani Rupees          635 afs
One Thousand Indian Rupees               1070 afs             
One Thousand Iranian Rupees              17/90 afs
Yarzada
 

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Economic Sun, 20 Aug 2017 07:23:29 +0000
President Ghani Inaugurates Herat Cotton Factory http://www.bakhtarnews.com.af/eng/business/item/29733-president-ghani-inaugurates-herat-cotton-factory.html http://www.bakhtarnews.com.af/eng/business/item/29733-president-ghani-inaugurates-herat-cotton-factory.html President Ghani Inaugurates Herat Cotton Factory

Sunday August 20, 2017

Kabul (BNA) To mark Afghanistan’s 98th Independence Anniversary, President Mohammad Ashraf Ghani after laying wreath at Independence Minaret left for Herat on Saturday, his office said in a statement.
The president after visiting Herat industrial parts attended inauguration ceremony of a cotton factory, according to the statement. During the inauguration ceremony, Haidar Hamid, a representative of Herat Cotton Textile thanked the president for the attention on economy and industry and briefed him about the factory, the statement added. He said daily we were producing six ton cotton and we could compete with regional countries’ productions in this regard. Afterward, representing Herat industrialists, farmers, people and traders, Mohammad Asef Rahim, Herat provincial governor thanked the president for his firm will on development programs in the province. To draw investment on Herat’s industrial parks, he asked the president to deploy a special unit to ensure security of the cotton factory. 
Congratulating Afghanistan’s 98th Independence Anniversary to the people of Afghanistan particularly Herat, the president said economic and political independence were related to each other and if King Amanullah Khan got the independence with sword, but we begin our economic independence with establishing industrial factories. Pointing at Majid Zabuli’s works in the field of economy, the president said Zabuli made a plan in which two Muslim traders should have been among each 20 traders, calling it as a precious move. Thanking Herat traders and industrialists for their investments in different fields, the president added now it is the government’s turn to practice all its commitments. At the end, the president visited different sections of the factory, called Afghan White Gold Cotton Industry. 
 

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Economic Sun, 20 Aug 2017 07:10:42 +0000
Dr. Abdullah Meets Kazakh Traders, Discusses Enhancing Trade Ties http://www.bakhtarnews.com.af/eng/business/item/29731-dr-abdullah-meets-kazakh-traders-discusses-enhancing-trade-ties.html http://www.bakhtarnews.com.af/eng/business/item/29731-dr-abdullah-meets-kazakh-traders-discusses-enhancing-trade-ties.html Dr. Abdullah Meets Kazakh Traders, Discusses Enhancing Trade Ties

Sunday August 20, 2017

Kabul (BNA) Chief Executive Dr. Abdullah Abdullah and his delegation on Friday held talks with Kazakhstan traders and investors in the Kazakh capital, Astana, on expanding trade relations between the two countries.
A statement from the CE office said the meeting conferred on trade, transit trade, agriculture and imports and exports between Afghanistan and Kazakhstan. The meeting was also attended by a number of Afghanistan Cabinet minister, members of Afghanistan Chamber of Commerce and Afghan traders based in Kazakhstan. Ayan Yerenov, Chairman of the Board of Chamber of International Commerce of Kazakhstan, told the Afghan delegation that the bilateral trade volume between the two countries reached $50 million, which he said was not enough and needed efforts to be enhanced.
He said Kazakh traders were ready for joint investment with Afghan counterparts in areas of transit trade, liquefied gas, mining, industry and logistics. He said Kazakh traders desired increased imports and exports between the two countries. Afghanistan Chamber of Commerce delegation head Atiqullah Nasrat on the occasion said Afghanistan and Kazakhstan were strong market for industrial production, but said Afghan exports to the country had declined by 50 percent. He said the Afghanistan-Kazakhstan chamber of commerce was established in nearly 2016, but problems still plagued the body and governments of the two countries should resolve them. He suggested the two countries should issue long-period visas to traders, reduce customs duty and allow banks of the two countries to open branch in order to speed up money transactions.
Afghan trade minister Humayoun Rasa said Kabul would soon introduce a commerce attaché at the Afghan consulate in Astana. For his part, CE Abdullah said the Afghan delegation had arrived in Astana to participate in the ongoing international expo and to hold detail talks with Kazakh traders and investors. The CE said inter-government economic commission of the two countries would hold a meeting today to discuss long term visas to traders besides discussing imports and exports. He said the Afghan government was ready to ensure security of Kazakh investors and provide them facilities and concessions. Dr. Abdullah said the absence of a transit trade agreement between Afghanistan and Kazakhstan had eclipsed the bilateral trade and hoped the agreement would be singed during President Ghani’s upcoming visit to Astana.  
 

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Economic Sun, 20 Aug 2017 07:07:11 +0000
Kazakhstan Based Afghan Traders’ Problems To Be Addressed, CE http://www.bakhtarnews.com.af/eng/business/item/29726-kazakhstan-based-afghan-traders’-problems-to-be-addressed-ce.html http://www.bakhtarnews.com.af/eng/business/item/29726-kazakhstan-based-afghan-traders’-problems-to-be-addressed-ce.html Kazakhstan Based Afghan Traders’ Problems To Be Addressed, CE

Sunday, August 20, 2017

Kabul (BNA) Chief Executive Dr. Abdullah Abdullah and his delegation on Friday met with Afghan traders and investors in Kazakhstan’s capital, Astana during which both sides discussed variety of issues, his office said in a statement.
In the meeting, Kazakhstan based Afghan traders briefed the CE over their progress and life condition in the host country, according to the statement.
The Afghan traders said that lack of Afghan banks’ branches, long –term visa, work residence and lack of warehouses were among their main problems in Kazakhstan, the statement added.
They suggested the CE to meet Kazakh officials and find solution to their problems, the statement continued.
Furthermore, they pointed out that many Afghan traders are living in Almaty and asked for transferring Afghanistan’s economic attaché from Astana to Almaty, the statement added.
After hearing the participants’ problems, the CE said the problems would be solved through related ministries.
The CE added he would also talk with Kazakh Prime Minister and share the Afghan traders’ problems with him and after mutual conversations, both sides would reach an agreement.
The Afghan and Kazakh companies’ problems would be seriously assessed, so to find an appropriate solutions, the CE added.
On intergovernmental commission meeting, Dr. Abdullah said further steps have been taken to bolster relations between the two countries.
 

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Economic Sun, 20 Aug 2017 06:46:36 +0000
By Constructing Wolf Water Canal, 2750 Acres of Land Will Be Irrigated http://www.bakhtarnews.com.af/eng/business/item/29708-by-constructing-wolf-water-canal-2750-acres-of-land-will-be-irrigated.html http://www.bakhtarnews.com.af/eng/business/item/29708-by-constructing-wolf-water-canal-2750-acres-of-land-will-be-irrigated.html By Constructing Wolf Water Canal, 2750 Acres of Land Will Be Irrigated

Thursday August 17, 2017

Taleqan City (BNA) Contract of Wolf (Gorg) water canal has been signed between Takhar’ governor and in-charge of JTZ organization the other day.
Dr. Fazlullah Mujadadi governor of Takhar told BNA local correspondent, the water canal to be construct at the cost of USD 1,340,000 funded by JTZ-Germany organization in Bangi district of Takhar province.
By construction of the canal 2750 acres of land will be irrigated and work opportunities to be provided for hundreds local citizens during the implementation of the project, Mujadadi added.
T/M.A.Ansari   
 

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Economic Thu, 17 Aug 2017 11:30:30 +0000
The Exchange Rate of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/29704-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/29704-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html The Exchange Rate of Afghan Currency Against Foreign Currencies

Wednesday August 16, 2017

Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                                               
One Dollar                                                 68/55 afs                           
One Pound Sterling                                   88/40 afs
One Euro                                                   80/30 afs                        
One Emirate’s Dirham                              18/65 afs                          
One Thousand Pakistani Rupees                  635 afs                        
One Thousand Indian Rupees                    1035 afs             
One Thousand Iranian Rupees                  17/85 afs  
T/M.A.Ansari
 

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Economic Wed, 16 Aug 2017 10:50:23 +0000
National Exports Strategy To Increase Exports http://www.bakhtarnews.com.af/eng/business/item/29685-national-exports-strategy-to-increase-exports.html http://www.bakhtarnews.com.af/eng/business/item/29685-national-exports-strategy-to-increase-exports.html National Exports Strategy To Increase Exports

Tuesday August 15, 2017

Kabul (BNA) National Exports Strategy will be codified with cooperation of EU and several domestic bodies.
Tens traders held a big gathering in Herat province to codify NES. According to official, of Herat chambers of commerce and industries, with implementation of this plan, the level of the country’s exports particularly the west zone, would be increased many field. As at present according to available official data, Afghan imports are 10 pc while its exports are 10 pc.
At the same time the officials of WTC would assess Afghanistan exports problems and the way of implementation of this strategy will be paved at the end of current year. According to WTC advisor Mujeeburrahman Khatir, this strategy would improve situation of Afghanistan exports.
The officials of Herat CCI have said that there is a deep gap between imports-exports of Afghanistan, the world and the region and efforts are underway to establish balance between these two partners. They emphasize that the west zone has achieved US $250m exports to regional and world countries and this process is growing.
According to head of Herat CCI Saad Khatibi, Afghanistan imports are several times higher. In their opinion, the reason behind not improving of Afghanistan exports are lack of government support from exporters. Afghanistan annual imports is over US $ 10b while its exports are less than US $ 600m. Afghan exports items include carpets and animal and herbal products. President Ghani has already considered imbalance of our imports- exports as the biggest threat after poverty, corruption and drugs. It is believed that the Afghan government is trying to change this country to an exporter country because many ways are already paved for most products.
According to president Ghani, the Afghan government has managed to defend itself politically but so far she lacks economic independence and political independence is defected without autarky.
The Afghan MoCI has time and again announced that balance of imports-exports are important for Afghanistan economic development. According to MoCI, at present the most Afghanistan exports are taking place to Pakistan and India and efforts will be made to increase exports to other countries too.
To improve trade, Afghanistan has signed bilateral, trilateral and quadrilateral agreements with neighboring and regional countries and efforts are going on to connect Afghanistan to regional and international waters. According to MoCI, similar agreements have been proposed to Tajikistan and Uzbekistan to pave the way of Afghanistan exports improvement to these countries.
  Afghanistan exports mainly include, fresh and dried fruits, medicinal herbs, carpets, fur etc but it is said that the value of exports items is more than the registered data. Because often traders and businessmen submit their balance sheetless than the real price to evade taxes.
Shukria Kohistani
 

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Economic Tue, 15 Aug 2017 08:30:14 +0000
NPC Approves 9 Contracts Worth 360 Million Afghanis http://www.bakhtarnews.com.af/eng/business/item/29679-npc-approves-9-contracts-worth-360-million-afghanis.html http://www.bakhtarnews.com.af/eng/business/item/29679-npc-approves-9-contracts-worth-360-million-afghanis.html NPC Approves 9 Contracts Worth 360 Million Afghanis

Tuesday August 15, 2017

Kabul (BNA) National Procurement Commission (NPC) with President Ashraf Ghani on the chair held meeting the other day, the President Press Office said in a statement.
The meeting approved 9 contracts worth 360mln afghanis, according to the statement.
The contracts include repair and reconstruction of production shops related to housing enterprise units, repairing Pul-e-Kheshti mosque through Afghanistan Construction Enterprise and its design’s final review, procurement of needed materials for the ministry of public health’s radiology institute, requirements for Istiqlal Hospital and spare parts for MoI’s vehicles, the statement added.
The NPC also returned a suggesting contract for reconstruction of Pul-e-Joy-Gholaman road in Farah province for further review. 
The meeting attended by Second Vice President, Sarwar Danesh, ministers of finance and justice, acting minister of economy, SIGAR observers and some other officials, the statement concluded.
 

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Economic Tue, 15 Aug 2017 08:22:48 +0000
The Exchange Rate of Afghan Currency Against Foreign Currencies http://www.bakhtarnews.com.af/eng/business/item/29675-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html http://www.bakhtarnews.com.af/eng/business/item/29675-the-exchange-rate-of-afghan-currency-against-foreign-currencies.html The Exchange Rate of Afghan Currency Against Foreign Currencies

Monday August 14, 2017

Kabul (BNA) Based on Khan Mohammad Baz’ head of currency exchangers in Kabul, Shahzada market report the exchange rate of Afghani as a follow:
                                                                               
One Dollar                                                 68/55 afs                           
One Pound Sterling                                   88/50 afs
One Euro                                                   80/70 afs                        
One Emirate’s Dirham                              18/70 afs                          
One Thousand Pakistani Rupees                  636 afs                        
One Thousand Indian Rupees                    1050 afs             
One Thousand Iranian Rupees                  17/75 afs  
T/M.A.Ansari
 

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Economic Mon, 14 Aug 2017 07:47:25 +0000